The Sister Wives stars applied for and received, a $130,000 loan on their Arizona home for the second time amid continuing financial difficulties.
The Arizona home was bought in 2019 for $890,000, and now, according to The Sun, they’ve already had to take out a second loan on the mortgage. A Home Equity Line of Credit Deed of Trust from November 30 details a second loan that Kody, 52, and Robyn, 43, have taken out a $130,000 loan granted to them by the Alaska USA Federal Credit Union.
Keep reading and we’ll fill you on in the details.
Two Large Loans Just a Year Apart
The Sister Wives couple seems to be in financial straits more often than they aren’t. They first applied for a $150,000 loan on the home in March 2020, a little less than a year after buying it. Now, yet one year after that, they’re getting another one.
This time the loan was listed in court documents as an “urgent home loan,” and the two had to agree to begin repayment by December 5, 2021, a month after getting it. Kody noted in the court papers that, “time was of the essence” so this will likely leave fans curious about just what reason there would be for such urgency.
The couple now owes a whopping $548,250 to Moria Development, DBA Peoples Mortgage. Their first loan matures in 2050 per the court filings. The 5-bed, 4-bath, 4,395 square-foot home set on two acres in Flagstaff, Arizona was purchased with an initial $225,000 down payment.
Kody Blames Coyote Pass
Kody Brown, who fathered 18 children with three wives; Meri, 50, Janelle, 52, Robyn, and one ex-wife Christine, 49, has been perpetually strapped, struggling financially for years. Per The Sun, the polygamist reality TV star attributes his financial woes to the family’s Coyote Pass land and the fact that they’ve been unable to build there since purchasing it in 2018.
According to the Arizona courts, the family had past-due taxes on both the land and the home to the tune of $2056.89 but they have since paid them off. We also know that most of Kody’s relationships are in a fragile state having already one wife, Christing, who left him and moved to Utah on her own.
The financial strain cannot be helping Kody Brown’s situation at all.
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